LAKE vs TY: Correlation
How closely do Lakeland Industries, Inc. (LAKE) and Tri Continental Corporation (TY) trade together? Their weekly returns over three years give a correlation of 0.42, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LAKE and TY?
On 3 years of weekly data the LAKE/TY correlation comes out at 0.42, moderate. The past 12 months show a tighter link (0.59) than the 3-year average (0.42). The 5-year figure is 0.35, and annualized covariance runs at 311.6 %².
TY is one of the assets that tracks LAKE most closely: it ranks #2 out of the 12 assets we track against LAKE. Correlation aside, the last 12 months split them widely, with TY ahead by 33.8 points (-22.5% versus +11.3%). Risk is not evenly split, since LAKE carries 4.1 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
LAKE vs TY: side by side
| LAKE (Lakeland Industries, Inc.) | TY (Tri Continental Corporation) | |
|---|---|---|
| 1-year return | -22.5% | +11.3% |
| 5-year return | -49.3% | +26.0% |
| Volatility (ann.) | 55.0% | 13.5% |
| Beta vs S&P 500 | 1.32 | 0.79 |
| Max drawdown (3Y) | -71.2% | -19.7% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | – | 7.3 |
| Dividend yield | 0.76% | 3.09% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LAKE | TY |
|---|---|---|
| 2022 | -38.7% | -19.7% |
| 2023 | +40.6% | +17.2% |
| 2024 | +38.7% | +15.0% |
| 2025 | -65.2% | +6.6% |
| 2026 | +35.2% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LAKE and TY good diversifiers for each other?
Reasonably. At 0.42, LAKE and TY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LAKE and TY?
As of 2026-08-27, the correlation of weekly returns between LAKE and TY is 0.42 over 3 years, 0.59 over 1 year and 0.35 over 5 years.
Is TY a good diversifier for LAKE?
Reasonably. At 0.42, LAKE and TY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/lake-vs-ty.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lake-vs-ty/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LAKE correlations · TY correlations
